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Gary, Ind., schools seek more transportation money

from Chicago Tribune

Taxpayers will be on the hook for more money after the School Board voted to amend its budget to reflect a $4 million levy increase in its transportation fund. With state approval, the board voted to raise the transportation fund from its advertised rate of $9 million to the maximum allowable levy of $13 million. School officials said the raise would be reflected in the June tax disbursement. Interim Chief Financial Officer Michael Washington said taxpayers will see an increase of 14 cents per $100 assessed valuation, as the rate moves from 48 cents to 62 cents. It represents a 31 percent increase within the fund, he said. more


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